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Bid lists continued to surface Tuesday morning as selling pressure offset any small buying that was happening in the muni market.
By Taylor RiggsJune 25 -
The tax-exempt market took another beating Monday as the 10-year yield rose to a 24-month high and traders said demand for municipal bonds was still deteriorating.
By Taylor RiggsJune 24 -
The tax-exempt market continued to take a beating for the third consecutive session as issuers postponed new deals. The borrowers that braved the market paid a steep price.
By Taylor RiggsJune 24 -
The tax-exempt market opened as much as 10 basis points weaker Monday morning, traders said, though it was definitively better than the 20 basis-point-selloff seen on both Thursday and Friday of last week.
By Taylor RiggsJune 24 -
The tax-exempt market jumped on Mr. Toad's Wild Ride Friday as a massive selloff continued and liquidity dried up.
By Taylor RiggsJune 21 -
The tax-exempt market continued to purge Friday afternoon as traders said bond yields jumped another 20 basis points after rising double digits Thursday.
By Taylor RiggsJune 21 -
The tax-exempt market opened weaker Friday morning as selling pressure pushed municipal bond yields higher, extending the fallout from Federal Reserve Chairman Ben Bernanke's comments Wednesday.
By Taylor RiggsJune 21 -
The municipal bond market took a severe beating for the second consecutive session Thursday as the fallout from Federal Reserve chairman Ben Bernanke’s testimony Wednesday continued into another day and issuers were forced to delay their pricings.
By Taylor RiggsJune 20 -
The tax-exempt market continued to head lower Thursday afternoon after a big selloff Wednesday, prompting issuers to postpone deals.
By Taylor RiggsJune 20 -
The biggest deal of the week in the tax-exempt market was postponed Thursday morning after one trader called the session a "massacre."
By Taylor RiggsJune 20 -
The tax-exempt market sold off, following Treasuries, in reaction to Federal Reserve Chairman Ben Bernanke's comments following the Federal Open Market Committee meeting that suggested the Fed may start tapering its $85 billion-a-month bond purchasing program by the end of the year.
By Taylor RiggsJune 19 -
Activity in the tax-exempt market slowed Wednesday afternoon as traders looked to sell while holding off on buying ahead of the impending Federal Open Market Committee meeting announcement.
By Taylor RiggsJune 19 -
The municipal market was active Wednesday morning ahead of the Federal Open Market Committee announcement in the afternoon.
By Taylor RiggsJune 19 -
The tax-exempt market ended slightly weaker Tuesday as traders looked to unload bonds ahead of Wednesday’s Federal Open Market Committee announcement.
By Taylor RiggsJune 18 -
The tax-exempt market paused Tuesday afternoon as traders all waited in limbo ahead of Wednesday's Federal Open Market Committee announcement.
By Taylor RiggsJune 18 -
The municipal bond market has steadied this week after a six-week selloff that pushed yields higher.
By Taylor RiggsJune 18 -
Detroit bonds were able to avoid a selloff in the secondary market Monday after the city Friday said it could default on up to $2 billion in debt.
By Taylor RiggsJune 17 -
The new issue market got off to an early start Monday as Citi priced for retail $370 million of New York City Municipal Water Finance Authority bonds.
By Taylor RiggsJune 17 -
The tax-exempt market opened with some small trades Monday morning as a few Detroit bonds were out for bid.
By Taylor RiggsJune 17 -
Duration of portfolios weighed on investors' minds Friday ahead of next week's Federal Reserve meeting as traders sold bonds with longer maturities in exchange for short-term bonds.
By Taylor RiggsJune 14